Posts Tagged ‘Financial Management’
Branding as a Catalyst for Succession Financing
As your brand moves into the next phase of its existence, the prospect of succession comes into play. When you’re prepared to retire, what will the future hold for the fine company you’ve built over the years? If you have children, have any of them shown any interest in taking over? Can they afford it?…
Read MoreHow to Take Charge of Your Spending Habits
Spending: Regardless of the size of your business, it is always a concern. Unfortunately, many businesses focus on spending only when income is down; too often, this is the worst possible time to be making new decisions about how you are spending your hard-earned money. One of the best ways to ensure a healthy bottom…
Read More4 Fundamental Financial Tips for Small Business
Small local businesses are the backbone of small towns across the United States (and really, the globe). But starting and growing a small business, no matter where you roam, is never an easy task. Here are four financial tips for small businesses that you should consider: 1. Start with a Solid Partnership If you’re not…
Read More4 Bookkeeping Tips for New Businesses
In the world of business, paying tax is as much a part of life as buying and selling. Companies are obligated to pay tax on everything their business makes, unless they can prove they are entitled to a deduction. So, if you don’t keep clear and organized records of your expenses, then you are likely…
Read MoreAvoid These Top 5 Financial Problems in Your Small Business
Managing a small business isn’t easy, and the single largest contributor to business failure is financial mismanagement. Making smart financial decisions and being consistent can make a world of difference to your business success. 1. The Terrible Effects of a Vague Business Plan It’s important to work in your business to keep things running smoothly,…
Read More5 Small Business Bookkeeping Tips for New Business Owners
Raise your hand if you absolutely love handling your small business bookkeeping requirements. There sure aren’t many hands up—and that’s pretty common. Documenting all payments, expenses, deposits, and withdrawals can make your head spin. The good news is that there are some easy ways to simplify this process. Consider these small business bookkeeping tips for…
Read MoreWhat Small Business Owners Need to Know About Balance Sheets
The most effective way for small business owners to be sure that they are aware of their company’s financial status is to have an accurate balance sheet that reflects the most current information available. By keeping this information up to date every quarter, you can help yourself avoid a lot of problems and surprises down…
Read More3 Ways to Improve Your Budgeting and Forecasting
Budgeting and forecasting are two of the most important financial exercises performed by businesses, regardless of their size. Unfortunately, they are also two exercises that many businesses fail to perform accurately or efficiently. The biggest common problem is that most budgets and forecasts are created without any room for flexibility. Managers are told at the…
Read More5 Top Ways to Find Buyers for Your Structured Settlement
We all fall on hard financial times at some point or another. Even billionaire Donald Trump has lost money and has had to rebuild his finances, over and over again. Maybe this is one of those times for you, when there just doesn’t seem to be enough money to go around, and you need to…
Read More7 Financial Facts Every Entrepreneur Should Know
You don’t have to be CPA or MBA to start or run a business. You don’t have to understand debits and credits, or be able to balance your books. But there are some financial facts you just plain need to know. Here’s a list. Related Article: 6 Essential Financial Tips for Small Business Owners Every…
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